Henry Sy and family remains as the richest clan in the Philippines according to US-based magazine, Forbes which recently released the global billionaire’s list for 2014.
Business tycoon Henry Sy and his family dominated in the Philippines with a total net earnings of $11.4 billion which is a bit lower compared on its previous net income with $13.2 billion.
Henry Sy and family’s income apparently dropped by seven percent but still they were able to be part of top 100 billionaires worldwide ranking on the 97th place from 1,645 men and women billionaires.
Despite of merging and stability investment strategy, the net earning of Sy family goes down up to $ 1.8 Billion after SM Holdings dropped its stock market for almost 30% this year.
“The dropped of stocks is due to investors sold their shares in a certain institution in a discounted price,” Forbes Magazine quoted.
Meanwhile, Microsoft’s Bill Gates remains as the world’s most richest man with $76 billion net earnings as of March 2014. Bill Gates bested the former title holder Carlos Slim Helú who garnered $72 billion income.
Facebook CEO Mark Zuckerberg dominated as the top gainer in Forbes’ 2014 billionaire list with $15.2 billion to $28.5 billion. He was dubbed as the World’s Youngest Billionaire.
Here’s Forbes’ Richest People in the Philippines:
1. Henry Sy $11.4B
2. Lucio Tan $6.1B
3. Andrew Tan $4.7B
4. Enrique Razon, Jr. $4.2 B
5. John Gokongwei, Jr. $3.9 B
6. David Consunji $3.3 B
7. George Ty $2.3 B
8. Tony Tan Caktiong $1.7 B
9. Robert Coyiuto, Jr. $1.5 B
10. Andrew Gotianun $1 B
Photo Credit: Forbes
